subject
Business, 20.11.2019 01:31 erinharrington15

For services rendered, an attorney accepts a 90-day note for $5,500 at 8% simple interest from a client. (both interest and principal are repaid at the end of 90 days.) wishing to use her money sooner, the attorney sells the note to a third party for $5,560 after 30 days. what annual interest rate will the third party receive for the investment?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission
Answers: 1
question
Business, 22.06.2019 09:40
Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?
Answers: 1
question
Business, 22.06.2019 13:10
bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
Answers: 2
question
Business, 22.06.2019 15:40
Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?
Answers: 1
You know the right answer?
For services rendered, an attorney accepts a 90-day note for $5,500 at 8% simple interest from a cli...
Questions
question
Mathematics, 04.09.2019 17:10
question
Biology, 04.09.2019 17:10
question
History, 04.09.2019 17:10
question
Biology, 04.09.2019 17:10
question
Mathematics, 04.09.2019 17:10